VC firms invest €15m in PerfectStay

The fresh capital will be used to accelerate the Paris-based company's international expansion, starting with the UK and Germany.

It will also be recruiting and plans to increase its headcount from 80 to 200 by 2019.

PerfectStay was founded in 2016 and posted revenues of €13.4m in its first full financial year. This figure had doubled by the end of May 2018 and is expected to report growth of 500% this year, according to a statement.

Company
PerfectStay was founded in Paris in 2016. The company develops enterprise software for booking travel and tours. The software enables companies to quickly search and customise travel offers for their customers. Its clients include, Air France, Vente Privée, Emirates and Corsair.

People
Partech Ventures – Philippe Collombel (managing partner).
PerfectStay – Raphael Zier, Laurent Curutchet, Stéphane Libre, Ludovic Bailly (co-founders).

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• Partech Ventures
• Felix Capital